Which of the following types of goods is subject to the free-rider problem?
A) a private good
B) a public good
C) a product that creates a positive externality
D) a product that creates a negative externality
Answer: B
You might also like to view...
Refer to Figure 12-1. If the firm is producing 700 units, what is the amount of its profit or loss?
A) profit equivalent to the area A B) loss equivalent to the area A C) loss of $280 D) There is insufficient information to answer the question.
What types of government policies can increase long-run living standards?
What will be an ideal response?
In the table shown above, the total cost of the market basket in 2010 was
A) $6.00. B) $8.50. C) $60.00. D) $85.00.
The aggregate supply curves shown in the model in Figure 18.3 are most consistent with the views of
A. Monetarists. B. Keynesians. C. Modern Keynesians. D. Supply-siders.